When traveling to South Korea, can I bring my UnionPay debit card and credit card?

If you are using a China Merchants Bank Debit Card to withdraw cash overseas/overseas POS card consumption, please note the following:

1. To withdraw money from an overseas ATM using the All-in-One Card, use the "UnionPay" channel and enable the overseas withdrawal function. When withdrawing money from an overseas ATM machine, the withdrawal is in local currency; the method of activating the overseas withdrawal/pos consumption function of UnionPay is: log in to the professional version and click on the horizontal menu "All-in-one Card → Account Management → Limit Management-ATM and POS Limits"; Bring the card to the branch counter to apply, swipe the card to verify the password, and you can apply on behalf of the person without showing ID; apply through the visual counter, swipe the card to verify the password, and you need to do it in person.

2. The all-in-one card’s ATM withdrawal limit overseas (including Hong Kong, Macao and Taiwan): daily cumulative cash withdrawals for a single card ≤ equivalent to RMB 10,000; starting from January 1, 2018, all domestic banks under the name of each person per year The accumulated cash withdrawal limit of the card (all bank debit cards, credit cards, and supplementary cards use this limit) is equivalent to RMB 100,000.

Warm Tips

I. For overseas cash withdrawals with international debit cards, the limits for international organizations and UnionPay are calculated separately (that is, the same bank card can be withdrawn at overseas UnionPay and international organizations on the same day. Equivalent to RMB 10,000), but the withdrawal limit will be included in the total annual limit of RMB 100,000.

II. If the annual quota is exceeded, the function of withdrawing cash overseas with domestic bank cards will be suspended this year and the following year.

3. One-card overseas withdrawal fee: UnionPay ATM withdrawal: 5‰ of the withdrawal amount, with a minimum of RMB 10 per transaction.

Warm reminder

I. The withdrawal is in the local currency.

II. Overseas withdrawals are subject to normal handling fees regardless of account level, and there are no discounts.

III. The local acceptance agency may charge additional fees. You can check the fee instructions posted next to the withdrawal device, or the device will prompt you for the fees that may be incurred when completing the transaction when withdrawing money.

4. Overseas debit card withdrawal/consumption exchange rate conversion regulations: Take the UnionPay route: Convert to RMB for settlement according to the exchange rate specified by UnionPay on the day (clearing currency: RMB); please contact UnionPay for exchange rate inquiries.

5. Our bank’s UnionPay savings cards are generally recommended to be used overseas, because there is no need to pay handling fees when using UnionPay savings cards at overseas POS. In addition, it is also limited by the type of merchant where the customer consumes). Thank you for your attention and support to our bank!

(Response time: January 3, 2020. For the latest business changes, please refer to the official website of China Merchants Bank.

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